SeaCrest Wealth Management LLC Increases Stock Position in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)

SeaCrest Wealth Management LLC boosted its holdings in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,843 shares of the company’s stock after purchasing an additional 725 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Principal U.S. Small-Cap Multi-Factor ETF were worth $235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSC. Citadel Advisors LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $718,000. Raymond James Financial Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth about $7,335,000. Wealth Enhancement Advisory Services LLC increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 1,040.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 659,015 shares of the company’s stock valued at $33,788,000 after acquiring an additional 601,208 shares during the period. Wells Fargo & Company MN increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 428,070 shares of the company’s stock valued at $21,947,000 after acquiring an additional 57,741 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Principal U.S. Small-Cap Multi-Factor ETF by 31.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,635,723 shares of the company’s stock valued at $83,863,000 after acquiring an additional 389,638 shares during the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 1.7%

Principal U.S. Small-Cap Multi-Factor ETF stock opened at $52.60 on Monday. The stock has a 50 day moving average of $48.60 and a two-hundred day moving average of $50.94. Principal U.S. Small-Cap Multi-Factor ETF has a twelve month low of $42.36 and a twelve month high of $57.24. The stock has a market capitalization of $812.14 million, a price-to-earnings ratio of 15.83 and a beta of 1.19.

Principal U.S. Small-Cap Multi-Factor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.1103 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, April 1st.

About Principal U.S. Small-Cap Multi-Factor ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.